What is new conditions in SAP SRD-SRM - SRM-Supplier Relationship Management?

SAP Term: new conditions

• Component: SRD-SRM

• Component Name: SRM-Supplier Relationship Management

• Description: The new price conditions set for a product. New price conditions occur if a contract or product/supplier information changes, or if the validity period of the previous price conditions ends.

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• Key Concepts: 
  New conditions in SAP SRM-Supplier Relationship Management (SRM) are used to define the terms and conditions of a contract between a buyer and a supplier. These conditions can include payment terms, delivery terms, and other contractual obligations. 
  
  How to use it: 
  New conditions in SAP SRM can be created by the buyer or supplier. The buyer can create new conditions for a specific supplier or for all suppliers. The supplier can create new conditions for a specific buyer or for all buyers. Once the new conditions are created, they must be approved by both parties before they can be used in any contracts. 
  
  Tips & Tricks: 
  When creating new conditions in SAP SRM, it is important to ensure that all relevant information is included. This includes payment terms, delivery terms, and any other contractual obligations that may be applicable. It is also important to ensure that the new conditions are approved by both parties before they can be used in any contracts. 
  
  Related Information: 
  For more information on creating new conditions in SAP SRM, please refer to the SAP Help Portal or contact your local SAP representative.